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and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention.
and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to...
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cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's why the president is working so hard so we don't go off the fiscal cliff so we keep the most vulnerable people out of harm's way. to pay $2,200. we've got to talk about fairness here and i'm very excited that the public is listening to the message that the president has made very, very clear. >> 146,000 new private sector jobs last month but one of the things that you talk about is the public sector. the president has proposed about $50 billion in infrastructure jobs which would be the public sector which is whe
cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's...
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not saying and you can't play hard and if you just walk with races. when you look at that, what do you think? >> probably. he usually does. but i haven't seen anything real to tell me that we're not going over the fiscal cliff and if we're doing that, according to all of the polling, it's going to be harder on republicans in terms of the public opinion than it is on democrats. you would think that that would give him another reason to get serious about this. i just think if the argument boils down to protecting that top 2% from having any kind of, you know, souped up responsibility on the tax side and on
they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not...
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to go up for
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of self-determination. we shouldn't get seniority decide, this person should be the next person -- >> look. he is running the house. he's the speaker of the house. you confuse that with running the conservative movement. >> well, then why don't you come out and say, we shouldn't raise taxes. boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i
cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of...
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on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans ar
on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're...
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incidentally, the same time frame necessary to reach a deal on the fiscal cliff. it's wednesday, december 12th, and this is "now." >>> joining me today, msnbc contributor and political editor and white house correspondent for the "huffington post," sam stein holding it down stag style. jane mayer from "the new yorker" is here. bbc world news america anchor and former traveling press secretary for the obama campaign jen socky. this is the speed of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amoun
incidentally, the same time frame necessary to reach a deal on the fiscal cliff. it's wednesday, december 12th, and this is "now." >>> joining me today, msnbc contributor and political editor and white house correspondent for the "huffington post," sam stein holding it down stag style. jane mayer from "the new yorker" is here. bbc world news america anchor and former traveling press secretary for the obama campaign jen socky. this is the speed of the...
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the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >> and it appears house republicans are also ready, at least some of them, to give he house speaker boehner more flexibility. "the washington post" reports, quote, many gop centrists and some conservatives call on the house speaker to concede on rates now while he still has some leverage
the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's...
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. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only o
. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still...
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cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press briefing where press secretary jay carney was pressed by reporters to say what it was that speaker boehner and the president were talking about during their meeting here at the white house on sunday. the reporters wanted to know if the specifics being discussion skused in that conversation are separate from the specifics being offered in the public dialogue. take a listen to what jay carney said. >> i'm trying to be incredibly opaque about the distinction. look. >> it's working. >> it's working. >> so at least he's man enough to ad
cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press...
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cliff deal because it's unlikely that house republicans would allow these to appear freestanding. using these as leverage in terms of negotiation. house republicans could sleep fine knowing the payroll tax cut is not extended and the ui is not extended. they think that's too much spending. >> which is crazy because they're arguing for the top earners really putting their stake in the ground on top earners and when it comes to working class and poor tax cuts are a bad thing. >> the payroll tax cut there's a division between democrats about how much you want to raid the social security trust fund. but unemployment insurance, i think absolutely has to be part of the deal from the white house perspective aside from it fitting the democrat ex-ideology, it's also what president obama believes is a stimulus to the economy. >> yeah. >> that helps people have disposable income to go to restaurants, buy gas, buy food, to pay things for their children. and i would be very surprised if it ended up as part of the larger deal because it's not going to come in early spring. >> one of the things
cliff deal because it's unlikely that house republicans would allow these to appear freestanding. using these as leverage in terms of negotiation. house republicans could sleep fine knowing the payroll tax cut is not extended and the ui is not extended. they think that's too much spending. >> which is crazy because they're arguing for the top earners really putting their stake in the ground on top earners and when it comes to working class and poor tax cuts are a bad thing. >> the...
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay....
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in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen to the mortgage interest deduction in their state if we do good over the cliff? our real estate correspondent, diana, here with exclusive data. diane? >> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. californ
in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen...
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>> straight ahead, for all the talk on china, policy expert said their gain could be ours, too. the guest spot is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> the chinese dragon is
i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>>...
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it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laur
it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited...
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, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way back, this was really the most remarkable thing, i have ever covered. we were expecting the fed to do this latest round of quantitative easing, and more bond buying, you know qe4 -- ever is the big choke in town. but a new change, a new roll see, that is the economy does x the fed will do y, in this case the fed said it will keep interest rates low for car loans, and mortgages and business loans until, at least until unemployment hits 6.5%, that is the first time that we've seen the fed do this kind of thing in its hundred year history. >> he did couch it a little, my decision was. well what
, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way...
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the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's...
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we do think there will be a fiscal cliff deal before year end. i think that could take the s&p to 1500 by year end or early january. but for what the market does from 1500 over the course of next year, i think really depends on the details of the fiscal cliff deal. we're looking to see just how much fiscal drag there will be in 2013 overall from both spending cuts and tax hikes. and also we want to see just the amount of tax hikes. i hope that those tax hikes are not greater than 1% of gdp. >> how much fed stimulus does the market need to hit some of the targets that you're thinking about it might be able to do? >> the 1500 that is our 12-month target would take the fiscal stimulus, take the monetary stimulus that basically folks are talking about, just a fed balance sheet getting above $3 trillion. i don't think necessarily 4 trillion. i think the key to get the s&p well above 1500 is looking at the fiscal policy, the tax hikes in particular, and probably the best litmus test is the dividend tax rate. expectations for the dividend tax rate, a lo
we do think there will be a fiscal cliff deal before year end. i think that could take the s&p to 1500 by year end or early january. but for what the market does from 1500 over the course of next year, i think really depends on the details of the fiscal cliff deal. we're looking to see just how much fiscal drag there will be in 2013 overall from both spending cuts and tax hikes. and also we want to see just the amount of tax hikes. i hope that those tax hikes are not greater than 1% of gdp....
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Dec 6, 2012
12/12
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do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are jerks. dysfunctional. you can't move. you are insent. silly. stupid. but you love money because you owe $16 trillion of it. you borrow, overborrow what comes in and goes out. we want more money for our money. the gu screwed is the -- the guy screwed is the little guy. who is kidding who? >> i don't think a lot of people are dancing if that happens. but we enjoyed you, watching you. >> i didn't enjoy it. but it was fun. it hurt my knee. >> bret: senator simpson, thank you for coming in today. >> thank you, bret. >> so will simpson's appeal d
do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are...
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Dec 11, 2012
12/12
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MSNBCW
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cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >> good morning. >> what do the lawmakers owe their constituents on the promise not to raise tax she's. >> i think they owe the country. good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other co
cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >>...
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Dec 7, 2012
12/12
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. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress
. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us...
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Dec 5, 2012
12/12
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CNBC
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cliff deal. now he's doing it "gangnam style." watch this. ♪ some people have gone off the cliff on this. we've officially jumped the shark in an attempt to not go over the fiscal cliff. much more of this incredible video coming up. >>> and then even if you don't like facebook as a stock, you may soon own it in your portfolio. we'll tell you why, and whether that's a good thing or not. back in a moment on "the closing bell." we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> you see the dow and s&p higher but nasdaq lower. apple almost single handedly keeping the composite in the red toda
cliff deal. now he's doing it "gangnam style." watch this. ♪ some people have gone off the cliff on this. we've officially jumped the shark in an attempt to not go over the fiscal cliff. much more of this incredible video coming up. >>> and then even if you don't like facebook as a stock, you may soon own it in your portfolio. we'll tell you why, and whether that's a good thing or not. back in a moment on "the closing bell." we are gathered here today to celebrate...
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Dec 10, 2012
12/12
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KPIX
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this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that...
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Dec 7, 2012
12/12
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FOXNEWSW
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is focusing too much on one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen. >> what the president is really interested in as we learned just yesterday, is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. not so he can lower the debt or the deficit but so he can spend to his heart's content. as a result some democrats have pushed the president to just raise the nation's debt ceiling on his own. they believe he has that executive power by invoking the 14th amendment of the constitution. but jay jay cancer carney the white house spokesman has studied tha
is focusing too much on one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen....
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Dec 10, 2012
12/12
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but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ ♪ ♪ >>> i've said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and they have had compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> his proposal that he offered to boehner was literally a joke. it's $50 billion stimulus package. it raised taxes by $1.6 trillion. it did nothing to save social security and medicare. >> bret: some of the back a
but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost...
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Dec 5, 2012
12/12
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KPIX
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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Dec 6, 2012
12/12
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MSNBCW
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cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids
cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know,...
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Dec 5, 2012
12/12
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KQED
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
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Dec 10, 2012
12/12
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Dec 10, 2012
12/12
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we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested in avoiding a fiscal cliff, and clearly not been tested at all in cutting and spending. >> the senate minority leader says that what the president is interested in is getting as much taxpayer money has he can so that he can spend to his heart's content. with his approval ratings going up and congress' numbers at historic lows and the unemployment rate dropping, why with the president back down? charles? >> to some extent he is under estimating the damage she will suffer if -- he suffer if we go over the cliff. it will hurt the republicans in congress, which is why de
we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested...
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Dec 10, 2012
12/12
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FBC
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getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates return to the clinton administration in and the top rate was 39.6, he does not say yes, have to have that to get a deal. but he is not backing off his demands rates go up by some amount of wealthier families so the buzz is he might settle or compromise for something in between like 37%. there is speculation the president might compromise on the cut off my degree and a higher threshold by 500,000 per year before higher rates would kick in. in a speech in detroit the president extended a little olive branch republicans. >> i have said i would work with republicans on a plan for economic growth, jobs creation
getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates...
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Dec 9, 2012
12/12
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WJLA
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we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not particularly intererted in avoiding the fiscal cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is why democrats in congressss are relis
we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not...
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Dec 6, 2012
12/12
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MSNBCW
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this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame
this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame